There aren't too many takers yet, but young students prefer to pay via the wallet: Tea-stall owner

Business has slowed down since the currency ban, especially once people run out of a limited supply of low denomination notes

There aren't too many takers yet, but young students prefer to pay via the wallet: Tea-stall owner
Manavi Kapur New Delhi
Last Updated : Nov 18 2016 | 10:00 PM IST
In the bustling market at Sector 9, R K Puram, residents scramble around to find an ATM to withdraw cash. Greengrocers vendors expectantly look at passersby, hoping they have enough cash to buy their daily supplies. Business has slowed down since the currency ban, especially once people run out of a limited supply of low denomination notes. But Ram Pravesh, or Monu, is not worried. Sporting a Quick Response (QR) code for Paytm, a digital wallet, on the display window of his Sugreev Tea Shop, Pravesh has been quick to accept and adapt to change.
 
“The team from Paytm visited me a couple of weeks ago, but I was not interested at the time. Luckily, I kept the business card and called them as soon as the currency ban was introduced,” he says. Looking perplexed and excited in equal measures, Pravesh still marvels at the fame his shop has attracted in the last 10 days. He looks at the two men sipping cups of tea at the stall — regular customers going by the camaraderie they share — before he answers my questions. “There aren’t too many takers yet, but young students prefer to pay via the wallet rather than cash.” While he says it’s too early to tell if business has improved, a simple QR code is attracting more people to his stall, if not for the tea then out of sheer curiosity.

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First Published: Nov 18 2016 | 9:57 PM IST

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